Colombo DiSalvatore business highlight topic today is on Viacom. Viacom Inc on Thursday posted a better-than-expected profit, boosted by DVD sales and the box office hit "Shrek The Third". The film division helped second quarter results with a string of theatrical hits that also included "Blades of Glory" and "Disturbia." The New York-based owner of MTV Networks, Paramount movie studios and Nickelodeon cable channels said its second quarter profit fell less than 1 percent to $434 million down from $437.3 million a year earlier. Earnings per share rose to 63 cents from 61 cents, as a result of a lower share count from a buyback authorization.
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